Norway: January oil output on par with NPD predictions

Norway had a good start to the new year with oil production in January 2021 on par with forecasts made by the Norwegian Petroleum Directorate (NPD).

Preliminary production figures for January 2021 show an average daily production of 2,137,000 barrels of oil, NGL, and condensate.

Total gas sales were 10.4 billion Sm3 (GSm3), which is an increase of 0.1 GSm3 from the previous month.

Average daily liquids production in January was: 1,804,000 barrels of oil, 321,000 barrels of NGL, and 12,000 barrels of condensate.

According to the NPD, oil production in the first month of 2021 was equal to the NPD’s forecast.

The total petroleum production in January 2021 is about 20.9 million Sm3 oil equivalents (MSm3 o.e.), broken down as follows: about 8.9 MSm3 o.e. of oil, about 1.6 MSm3 o.e. of NGL and condensate, and about 10.4 MSm3 o.e. of gas for sale. The total volume is 0.7 MSm3 o.e. higher than in January 2020.